Registered Retirement Savings Plan (RRSP)

by Tax Guy - Burlington Accountant on February 1, 2010 Print This Post Print This Post

An account that allows the deferral paying taxes paid on amounts deposited. A deduction is given for the amount deposited and reduces current taxable income. When amounts are withdrawn, they are added to taxable income.

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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